Shiba Inu Fa'amautu le $12 Miliona mo le Fa'afou FHE Blockchain Atina'e

Auala autu

• Shiba Inu is enhancing its digital asset offerings with the introduction of the Fully Homomorphic Encryption (FHE) blockchain.
• It is powered by their new utility and governance token, $TREAT.
• FHE allows for computations on encrypted data without exposing the underlying data.

Shiba Inu is renowned for its vibrant ecosystem of digital assets including $SHIB, $LEASH, and $BONE, alongside SHIBOSHIs NFTs, and it continues to make strides. This interconnected family of tokens built on the Ethereum blockchain has carved a niche among millions of enthusiasts globally.

Shiba Inu announced that it has raised $12 million from international venture capital firms. This influx of capital will propel the development of their innovative Fully Homomorphic Encryption (FHE) blockchain, powered by the utility and governance token $TREAT.

Unlocking new potential with $TREAT

$TREAT is designed as Shiba Inu’s final non-stable token, with functionalities expanding beyond typical use. It entails utility and governance functionalities within Shiba Inu’s new blockchain. This token aims to fortify the privacy and trust components of cryptocurrency transactions, addressing critical issues that concern millions of users globally.

Fully Homomorphic Encryption (FHE) technology stands at the core of Shiba Inu’s project. FHE allows computations to be performed on encrypted data, providing results without ever exposing the data they are based on. This breakthrough is pivotal for enhancing privacy in digital interactions. It makes Shiba Inu’s platform an ideal solution for secure, private transactions.

So in short, $TREAT is Shiba Inu’s utility and governance token, designed to enhance privacy and trust in cryptocurrency transactions on its new FHE blockchain.

Zama.ai, Shiba Inu’s partner in this venture, brings its expertise in FHE to ensure that the new blockchain supports complex operations securely while maintaining user confidentiality. By integrating FHE, Shiba Inu aims to establish Shibarium as the “meme center of the world,” while addressing the ever-growing concerns about data privacy.

Shytoshi Kusama, Shiba Inu’s lead developer, expressed his enthusiasm about the project’s direction; “We are excited to gain the support of such powerful VCs, angel investors, and brands as we plow towards the completion of this grand decentralized experiment. Through the involvement of these venture capital firms and their strategic partners, we are expanding not only our network of trusted partners but also exponentially increasing what Shiba Inu can truly be capable of for our community, The ShibArmy.”

Fusi i luga

This $12 million strategic round of funding marks a significant milestone for Shiba Inu. It will help Shiba Inu to continue its expansion in technological capabilities and ecosystem reach. Shiba Inu is set to redefine the blockchain landscape by placing security, privacy, and user governance on top of its priority list. This initiative underscores Shiba Inu’s innovative spirit and solidifies its position as a leader in the ever-evolving world of crypto.